SSR Mining Inc.

into the cause of the Turbler incident continue, and we are cooperating fully with the relevant authorities in Turkiak. We have commissioned independent third parties to review the design, construction, and operation of the heat bleach pad. To date, these reviews have not identified any material nonconformance with the construction or operation of the heat bleach pad relative to third party design parameters. Simultaneously, we continue work closely with all the relevant authorities to advance the permits required to restart the Churpa mine. These include the reinstatement of the Churpa EIA and operating permits. If and when the permits are granted, we would anticipate commencing sulfide plant operations through the processing of existing ore stockpiles on site. These stockpiles contain more than 700,000 ounces of gold. Certainly, there is a lot of work ahead for us at Chepman as we continue to advance the remediation efforts. However, we have made meaningful progress to date and remain fully committed to a restart of the operation once we receive all the necessary permits. And now with that, we'll move on to slide four, where Michael will discuss the second quarter results.

Thank you, Rod, and good afternoon, everyone. Second quarter 2024 production was 76,000 gold equivalent ounces at all entertaining costs of $2,116 per ounce, which includes cash, care, and maintenance costs in Curtis-Tripler, representing approximately $245 per ounce. For the first half, Marigold, Phoebe, and Puna combined to produce 156,000 gold-equivalent ounces, in line with our continued expectations for a second-half-weighted production profile, and each asset remains well on track for their full-year production and cost guidance. We finished the quarter with a cash position of $358 million, inclusive of the aforementioned $55 million in remediation costs, and another $17 million in cash, care, and maintenance costs at Chirpler. With an undrawn revolving credit facility and an outlook for improved production and free cash flow generation in the second half, we remain in a strong position financially. During the quarter, we continue to advance brownfield exploration programs at Marigold, Phoebe, and Puna, which Bill will discuss later. Additionally, site establishment and engineering activities at Hod Madden continue to progress as we move towards a construction decision for the project. On to slide five for a brief look at the financial results. We recorded attributable net income of $0.05 per share in the second quarter, while adjusted net income per share was $0.04, reflecting the exclusion of the mark-to-market gain on our portfolio of marketable securities. As a reminder, in the first quarter of 2024, we booked a $250 million remediation expense for costs we expect to incur at Turfler, and the impact of this expense was fully reflected in first quarter income statement. Included remediation spend at Turfler, second quarter cash generated by operating activities was negative $78 million, while free cash flow was negative $116 million. As noted, our total cash position remains strong at $358 million. With an additional undrawn revolving credit facility and strong second half free cash flow expected from the other operations, we remain well positioned to manage remediation costs at Chirkler as well as our reinvestment needs across the business. Now on to slide seven where Bill will discuss the operations starting with Marigold.

Thanks, Michael. Marigold's second quarter production of 26,000 ounces was in line with expectation. The 2024 mine plan called for the second quarter to feature the lowest production and highest costs of the year. Reflecting focus on waste stripping at Red Dot in the first half of 2024 and a catch up in sustaining capital spend to bring us back on track for the year to date spend. With the first half now complete, We expect production and costs to improve meaningfully in the second half of the year, particularly in the fourth quarter. Marigold remains on track for its full-year production and cost guidance. Brownfield growth activity at Buffalo Valley and other near-mine targets advance during the quarter as we look to continue to replace mine depletion and potentially further extend Marigold's operating life. Now on to CB. At CB, second quarter production was 17,000 ounces and an ASIC of 1626 per ounce. Production and costs were in line with expectations as grade mined and processed are expected to average between five and six grams per tonne for the remainder of 2024. CB remains on track for full year guidance. Exploration activity at CB continues to focus on near mine extensions to existing underground mineralisation. as well as the continued advancement of Palki and Palki West targets. The Palki targets represent a potential mine life extension opportunity and the CB team are aggressively advancing technical studies to better delineate the opportunity. Now on to Boona. Boona produced 2.7 million ounces of silver in the second quarter, a strong bounce back from softer production in the first quarter due to heavy rains. ASIC of $15.19 per ounce in the second quarter demonstrated Puna's significant free cash flow margins in the current silver price environment. With first half production of 4.6 million ounces of silver and an ASIC of $15.36 per ounce, Puna remains well on track for full year guidance. In addition, exploration and technical work continues to evaluate opportunities to extend operations at Puna. through potential extensions of Chinchillas and continued advancement of the Cordovares target through near Mine Drill. Now we'll turn back to Rod for closing remarks.